Tupperware Brands Corporation (TUP) Issues Quarterly Earnings Results

Tupperware Brands Corporation (NYSE:TUP) issued its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09, Bloomberg Earnings reports. The business had revenue of $539.50 million during the quarter, compared to the consensus estimate of $538.80 million. Tupperware Brands Corporation had a return on equity of 101.23% and a net margin of 6.18%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. Tupperware Brands Corporation updated its Q4 guidance to $1.48 – $1.53 EPS.

Shares of Tupperware Brands Corporation (NYSE:TUP) traded up $0.15 during trading hours on Friday, reaching $58.83. 221,500 shares of the company’s stock traded hands, compared to its average volume of 512,385. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36. The firm has a market cap of $2,986.08, a P/E ratio of 12.48, a P/E/G ratio of 1.03 and a beta of 1.72.



The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $2.72 annualized dividend and a dividend yield of 4.62%. Tupperware Brands Corporation’s dividend payout ratio is currently 98.91%.

COPYRIGHT VIOLATION NOTICE: “Tupperware Brands Corporation (TUP) Issues Quarterly Earnings Results” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/11/11/tupperware-brands-corporation-tup-issues-earnings-results-beats-expectations-by-0-09-eps.html.

TUP has been the topic of a number of research analyst reports. ValuEngine downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Citigroup Inc. increased their target price on Tupperware Brands Corporation from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. KeyCorp restated a “hold” rating on shares of Tupperware Brands Corporation in a report on Thursday, October 12th. Finally, Morgan Stanley lifted their target price on Tupperware Brands Corporation from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Tupperware Brands Corporation has an average rating of “Hold” and a consensus price target of $68.33.

In other Tupperware Brands Corporation news, Chairman E V. Goings sold 44,600 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the sale, the chairman now directly owns 54,059 shares of the company’s stock, valued at $3,203,536.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $59.39, for a total transaction of $118,780.00. Following the sale, the executive vice president now directly owns 10,765 shares in the company, valued at $639,333.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,600 shares of company stock worth $3,001,976. 3.22% of the stock is currently owned by corporate insiders.

About Tupperware Brands Corporation

Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.

Earnings History for Tupperware Brands Corporation (NYSE:TUP)

Receive News & Ratings for Tupperware Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply